Investment firm Evercore forecasts Apple will beat earnings expectations, citing sustained iPhone 17 demand and immunity to recent RAM price hikes. The firm notes Apple's long-term supplier deals have shielded it from short-term component cost increases, a key advantage over competitors facing similar supply chain pressures.

Evercore raised its Apple price target to $330 in January, marking its fourth increase since September 2025. The analyst firm expects double-digit growth in both iPhone sales and Services revenue for the holiday quarter, projecting a 17% iPhone sales increase and a 13% Services rise. This strong performance is expected to deliver Apple's largest-ever quarterly revenue.

The upcoming earnings report on January 29, 2026, will test these predictions. While Evercore's outlook is bullish, it cautions that the RAM cost protection is temporary. Apple's favorable supplier contracts expire in 2026, setting the stage for potential renegotiations that could impact future margins.